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There is a, as far as i can tell, interesting work paper from non other then the IMF regarding fiscal policy and the age issue.

Aging: Some Pleasant Fiscal Arithmetic

I don't have the mathematical stamina or the background to judge its merits but i hope it is useful to this discussion, in the hands of someone more able.

Overall it proposes things may not be as tragic as some make them, hence the "Pleasant".

by Torres on Fri Apr 7th, 2006 at 07:53:01 AM EST
[ Parent ]
interesting work paper from non other then the IMF
On the second page it says "this working paper should not be reprted as representing the views of the IMF".

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Fri Apr 7th, 2006 at 08:02:48 AM EST
[ Parent ]
Yes, i saw that. Still, it's on their website...
Doesn't say anything of the validity of the argument, in one sense or the other, does it?
by Torres on Fri Apr 7th, 2006 at 09:31:57 AM EST
[ Parent ]

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